Skip to main content

tv   CNN Newsroom  CNN  October 6, 2011 6:00am-8:00am PDT

6:00 am
today. >> we'll throw to atlanta now and kyra phillips taking it over. good morning. innovations changed the way we work, play and communicate. life in 1986 when he co-founded apple in his garage is a far cry from life in 2011. today the world grieves, pays tribute and gives thanks for the edison of our time. our team coverage includes dan simon at apple headquarters in cupertino, california. business correspondent christine romans and dr. sanjay gupta both in new york for us. dan simon, let's go ahead and start with you. a new era there in cupertino the post-steve jobs era. >> it is a new era. steve jobs hand picked his successor and ceo tim cook. there is an acknowledgment that the company will be in good shape for the next few years with all the various product in the pipeline. what will it look like in say five or ten years from now and
6:01 am
who will fill the shoes and be the product visionary. steve jobs could understand what consumers want before they wanted all these products. who will step in and be able to sort of create the next iphone or the next ipad? that's the own question here. i don't think anybody can answer that, kyra. >> i think a lot of people are asking that question. i understand there are some special services for employees today. >> we don't know when they're going to occur, what we know is that when steve jobs died ceo tim cook put out a statement and said at some point there will be a celebration of steve jobs' life for apple employees who can attend. we know that, of course, steve jobs was a very private person, despite his public percsona. funeral details were not released to the public and we're not aware of any planned services for his friends or for his family. i'm sure those details will eventually come out and, also,
6:02 am
kyra, it's believed that really is only his true inner circle was aware of his health details. we knew that he was, obviously, sick. but in terms of when this was going to happen, nobody really knew. i think other than his really close friends and family. >> dan simon there in cupertino, dan, thanks. christine romans, how is wall street taking the news? >> you know, pretty well. i'll tell you why, dan simon talked about what will be the driver for future innovation of this company and people who work there now and people who used to work there and people who follow the company say that steve jobs has his dna in this company. for years he has foundtalitiant, he has found good ideas and innovators and brought them into the fold from other tech companies and from young people out of universities and he has reallyalmanaged to make a cultue there at apple that many people are going to endure beyond him and you can see that this morning in the stock. the stock actually holding in there and in premarket trading
6:03 am
and even up a couple bucks. if you look at a chart, kyra, of what this stock has done since he came back to the company that he founded in the end of 1996, that red line shows you that apple stock is up 9,000%. i think 10,000 of the stock when he first came back is now worth something like $640,000. investors have been awarded again and again because this company, again and again has come up with things with things we didn't even know we needed. that was the brilliance of steve jobs. a true leader in a way that he could tell the world, here's an ipad. you've never seen it before. not an improvement of something else. this is something you don't need you need, but eventually the ipad selling 70 of them a minute. more than 9 million have sold. you look at where the share was, the share price when he came back to the company, $5.78 up a couple bucks in premarket. what you can say about this man, he was a computer nerd, kyra,
6:04 am
but he was an artist and really love design and he was a salesman and he really was a visionary and we use that word a lot, visionary, but i mean steve jobs was really the kind of person who put all those things together and able to carry it forward. we talked earlier to steve wozniak who helped him found this company in steve jobs' parents basement back in the '70 and we asked him. here is somebody who really defined modern america. so, are there going to be more steve jobs? he said, absolutely, because young people with no money still have hope and good ideas and education and innovation and that america still has great days ahead of it. i think that's what a lot of people are taking from the story of steve jobs, even as we mourn his passing, kyra. >> christine, thanks. sanjay, let's go ahead and bring it home here. tell us more about the cancer that jobs fought for so long. we saw pancreatic cancer has been the number one searched
6:05 am
term on google this morning. >> a lot of people learning about it this morning, no doubt, kyra. one of these incredibly tough cancers to treat. you know, he was diagnosed back in 2003. at that time, with a mass in his pancreas and they didn't know what it was. interestingly as you may note, kyra, he spent about a year not getting traditional therapies. he was focusing on lifestyle changes and diet changes and traveled around the world prior to his diagnosis and learned about medicine in lots of different places around the world. but his type of cancer was sort of a variant, if you will. a neuroendocrine tumor. the name is not that important, but the thing that doctors sort of took away from that, it was less aggressive than pancreatic cancer, which 80% of people die within the first year. this type of cancer, they tried all sorts of things. obviously, surgery initially. he had a liver transplant in 2009 probably to control the spread of this tumor. therapies to switzerland and he
6:06 am
really fought like crazy, kyra, to try to beat this. but the survival rates even for this type of tumor are around 40% to 50% around five years. it was eight years, as you know, kyra, since he was diagnosed. >> we have a picture before and after. you and i have talked about this in the past when he would rebound and just the back and forth. but you could definitely see that something was going on when he would make a public appearance. >> yeah, you know, the weight loss was just so striking. obviously, lots of people commenting on it. when he was asked about it, he initially said it was due to a hormone imbalance, which in some ways was true because this type of tumor in the pancreas can make hormones. it can make insulin and that could drive down your blood sugar levels and make you very thin, but could also make you not feel well. who knew exactly how he was feeling. he was functioning at a very high level. but, also, just the cancer itself can cause that weight loss. but, again, that distinctive
6:07 am
appearance. i remember, kyra, you may remember, as well, that he always wore the black shirt with the blue jeans. he did not wear a belt typically and i remember one time he was wearing a belt, as well with his blue jeans and more reflective of how much weight he has lost just a couple years ago, kyra. >> sanjay gupta, we'll talk more next hour. thanks. jobs was famously private, but listen to the speech that he gave to stanford grads in 2005. >> your time is limited, so, don't waste it living someone else's live. don't be trapped livlivie isish results -- >> we couldn't stop listening,inglistening, actually. we'll play the whole thing for you later this hour. stay with us. 9:45 a.m. okay, let's turn to politics now. looks like we won't be saying president christie or president
6:08 am
palin any time. mark preston with all the no news, shall we say. hey, mark. >> kyra, good morning. sarah palin making it official she will not seek the republican presidential nomination. she went on a conservative talk show host and broke the news and then went on fox news channel where she's a paid contributor and talked about it a little bit more. palin said that she concluded she could be more helpful to electing candidates, not only to congress, not only to local races but also the white house. in fact, let's hear what she had to say on fox last night. >> i concluded that i believe i can be an effective voice and a real decisive role in helping get true public servants elected to office. you don't need a title to make a difference in this country. i think that i'm proof of that. >> and there you have sarah palin last night announcing, in effect, that she will not seek the republican presidential nomination. she did say in these interviews that she would not run as a third party candidate and back
6:09 am
the republican presidential nominee. of course, kyra, her biggest hope is to knock president obama out of the white house. where does the gop field stand at this point now that sarah palin and chris christie have decided not to run? let's look at the cnn poll of polls. released last night romney, cain and perry bunched up at the top. this race can take many more turns before we see the first volt in iowa which, kyra, as i should say, could happen in december. kyra? >> mark, thanks. your next political update in about an hour and a reminder for all the latest political news just go to our website, cnnpolitics.com. the white house announced that president obama will hold a news conference at 11:00 today. just about two hours from now. likely on his agenda, his jobs plan. stay with cnn, we'll bring you that news conference life. those precise rows of
6:10 am
headstones just an illusion at arlington national cemetery. where things stand two years later. also ahead, what make steve jobs' tick? what drove him to come out with the first and best innovations. the man who co-founded apple, steve wozniak, shares his memories right after the break. hi. kristin. and, you... (camera flashes) yoleine...yoleine.! what do your friends think of your car? they think it's cool. well, what did they say about it? ah, that it's cool. (laughs) does your focus match your personality? yes, it does match my personality. it's very classic. it's funny. it's quirky. it's sleek. it's shiny. it's practical. and, it's smart. (laughs)
6:11 am
where together, we're transforming tomorrow. your husband put this all together when emma was born. he was an amazing man. this is for you. it's all paid off. ♪ and this is for emma. so where do you think she'll go? anywhere she wants. [ male announcer ] we're making people a more secure tomorrow. what can we make with you? transamerica. transform tomorrow. i'm forty eight years-old, i love to swim, and i love to walk outside. osteo bi-flex has really helped my knees. osteo bi-flex has been incredible for me, and i swear by it. [ male announcer ] osteo bi-flex, the glucosamine chondroitin suppment with 5-loxin advanced.
6:12 am
shows improvement in joint comfort within 7 days. osteo bi-flex, my knees thank you. [ male announcer ] osteo bi-flex. the #1 doctor and pharmacist recommended brand. checking stories across country now. in new york thousands of prot t protesters flocked to manhattan
6:13 am
yesterday. police say that roughly two dozen people were arrested last night alone. the protests are spreading across the country, although it was a far more subdued crowd in seattle. police did arrest protesters there who refused to remove their tents from a city park. and in raleigh, north carolina, hundreds of college students walked out of class to join the protests. rising tuition costs and student loan debts are their main concerns. another demonstration is set for sunday afternoon. well, two years ago we discovered even in death that our war heroes and their families just can't catch a break. at arlington national cemetery, that sacred burial ground, this is what we saw. headstones unmarked, misidentified and even floating in a creek. remains in the wrong place, jumpled altogether. he found out his wife's grave was empty. >> i sent wreaths at christmas, i even took her mother up there
6:14 am
so she could see her daughter's grave site and all she saw was a headstone and an empty grave. >> well, the army installed new management at arlington last year and they're on capitol hill talking about the reforms they made. pentagon correspondent barbara starr is covering that hearing. barbara, walk us through what has happened to address all these horrendous problems since that scandal was first exposed. >> well, you know, kyra, i think the army will tell congress later today that it really has cracked down management shakeup and new managers in charge at the cemetery and they're doing a number of things to get a handle on this very difficult problem. 300,000 graves at artilington. at one point they thought 6,000 were mismarked and came down to 200 graves but even that professionally unacceptable to the u.s. army. what have they done? besides the management shakeup, soldiers are going through the
6:15 am
army grave by grave, site by site photographing every headstone and establishing computerized records, if you will. taking these pictures with their smartphones, establishing the gps coordinants, the markings for each grave at the cemetery so they have precision and digital records and they have a baseline for the first time ever about the situation at arlington. where every grave is, where it's supposed to be. this is going to set the baseline for these problems not to occur again, according to the army. it's going to take them a while to get through all of this. they're going to tell the congress that they're making progress, but they're going to have to prove it over the long run. kyra? >> prove it, indeed. barbara, thanks so much. you know, arlington is a scandal that clearly should have never happened. congressman john ronion heads up the house subcommittee on veterans memorial affairs.
6:16 am
he joins us now from the hill. since the scandal broke, the army took over the challenge but a lot of military families are still wanting confirmation that their loved one is still in the right grave or that they're even there. so, what are you telling them right now? >> well, the biggest thing is the leaders, especially over at arlington who is going through that process. in that process of digatizing all these records and cross referencing everything they have in the process to really help figure it out. the unfortunate part is, i've been in hearings and oversight hearings and also with the army and on the armd services side and there's still some questions sometimes where there have been mixups. we had a concekernel that was o sure. the biggest thing is to put this team in the place to make sure it doesn't happen again. >> we won't know how many
6:17 am
discrepancies are still there until this task force is finished with its work. when will that be? >> well, these records, the biggest thing that surprised me when i went over there right after i got elected was that they're still basically on a card catalog system. all these records were paper in an office building that never even had a fire suppression system in it. they're behind the eight ball there. as we know with the paper system and we deal with it every day, things get lost. that kind of stuff is not acceptable and she has really stepped in and put together a framework, a guideline, procedures and protocols in place that were not there to really hold people accountable for doing their job on a day-to-day basis. >> so, finally today at the hearing, what are you going to do? what are you going to demand to hear today? >> well, i think the biggest thing and the ig kind of raises the question, we understand what the problems of the past were and we're moving forward and raise the question of, are we
6:18 am
prepared? do we have the procedures and protocols in place? once we get this under control to have them for the long term, as we bring new people in and can hold people accountable. that is my biggest question that i'm going to raise today. >> congressman john runyan, appreciate your time today. >> you bet. steve jobs rarely spoke publicly about his personal life and how he kept his drive. but in about 30 minutes we'll let you listen to the entire commencement speech that he gave at stanford in 2005. the only speech of its kind that he ever gave. you don't want to miss it. steve wozniak takes us back to the early days and tells us what went on in that garage where it all started. toring sys. it tracks every vehicle in their fleet. it cuts fuel use. koch: it enhances customer service. it's pretty amazing when people who loan you money also show you how to save it. not just money, knowledge.
6:19 am
it's so much information, it's like i'm right there in every van in the entire fleet. good day overall. yeah, i'm good. come on in. let's go. wow, this is fantastic. ge capital. they're not just bankers. we're builders. they helped build our business. with new extra-strength bayer advanced aspirin. it has microparticles, enters the bloodstream faster and rushes relief to the site of pain. it's clinically proven to relieve pain twice as fast. new bayer advanced aspirin.
6:20 am
6:21 am
many celebrities took to twitter to express the sadness over steve jobs. ashton kutcher, we have all surfed on the wake of steve jobs ship. now we must learn to sail, but we will never forget. eva longoria my heart goes out for the family of steve jobs. what an inspiration he was to us. jimmy fallon said, thank you, steve jobs, for all the fun and amazing ways you made our lives better, sent from my iphone. steve jobs founded apple in 1976 in a silicon valley garage. the last hour on "american morning," he talked about those early day s and about jobs'
6:22 am
creative instincts. >> when you're young, you have no money, you have no relatives that have money to loan you, you have no savings account. where can you work? you have to work on limited budgets which caused us to do some very valuable things and you do your work at home. so, our company was actually, our products were designed outside of the garage. but the garage was our meeting place and we had a little assembly. we would test the computers, put them in a box, drive them down to a store where they would pay us cash for a computer but steve ran most of the business from his bedroom. he would get on the phone and call stores that would sell our products and part suppliers would sell the parts and call magazines to get little stories about our products and what we were doing. so, he was really doing the businessman stuff and the marketing and all that. in those early days, there were a few mostly geeky people that knew how to operate computers when they were not understandable by a normal person. steve and i were in that crowd
6:23 am
and we did believe that, oh, yes, computers are going to be in every house and they're going to do a lot of good things for people. but we had no real vision as to what things are like today. we had no idea how much it was going to change everything everyone does in life is going to be kind of done through their computer. it went a lot further and i'm really glad that steve stayed there and he stayed in the game that he was meant to be in and he kept working to find the next big achievement. >> wozniak went on to say that apple products were so exceptional because that's how steve jobs saw himself. jobs' achievements are recognized around the world this morning. like at this apple store in hong kong where an impromptu vigil was held. listen to this speech that steve jobs gave to stanford grads in 2005. >> death is the destination we all share. no one has ever escaped it and
6:24 am
that is, as it should be, because death is very likely the single best invention of life. >> that was just a couple years after he was diagnosed with cancer. the speech is inspiring and tells us a lot about what drove him to succeed. we're playing the whole speech for you at 9:45 eastern time. in america, we believe in a future that is better than today. since 1894, ameriprise financial has been working hard for their clients' futures. never taking a bailout. helping generations achieve dreams. buy homes. put their kids through college.
6:25 am
retire how they want to. ameriprise. the strength of america's largest financial planning company. the heart of 10,000 advisors working with you, one-to-one. together, for your future. ♪ together, for your future. so if i didn't know better i'd say you're having some sort of big tire sale. yes we are. yeah. how many tires does ford buy every year? over 3 million. you say you can beat any advertised price on tires? correct. anywhere? yes. like this price? yes. riously? yes what about this one? i'll beat it. this one? s we will. right, i only have one more question for you...this one? (laughing) yeah. get $100 rebate when you buy four tires. 100 bucks! only at your ford dealer. 3 million tires. 11 major brands, fiona's kind-of-nice. i don't know why you're not here.
6:26 am
6:27 am
checking top stories now, today marks the 20th day of protests at the occupy wall street site. police and protesters scuffled at wednesday's rally, 28 people were arrested. bank of america ceo is defending his bank's new $5 fee on debit cards. customers understand that the bank has a right to make a profit. and the trial of dr. conrad murray resumes in two hours. the pathologist that ruled michael jackson's death a homicide could testify today. the impact of steve jobs and apple can be felt around the world and we have reaction from atika shubert in london and david mckenzie in nairobi, kenya. let's go ahead and start in hong kong. >> the ivigil is under way here.
6:28 am
the local media, they are here to report on it. and fans all day have been leaving flowers, notes, messages. in fact, just now we saw one fan leave this model of steve jobs. he placed him on the alter and he bowed to it and then he walked away. now, steve jobs has a massive following here in hong kong. in fact, according to apple, they said that on the opening just a few weeks ago they sold more macs here than any other store around the world. one more thing i want to show you, this sign up here, the apple logo usually glows white, today, it's been turned off. christy lou stout, hong kong. jason carroll where they're holding a vigil at an apple store here. jason? >> this is a very popular store. take a look behind me. you can see a crowd of people that gathered at the apple store here on fifth avenue. people are leaving cards and
6:29 am
flowers and apples here, as well. we're also seeing things like this showing up in places like palo alto, california, and also washington, d.c. when you hear about steve jobs you hear about the man, the innovator and how he affected so many lives. want to show you how he afefectd our lives. you need big live shot and camera and huge crew but because of steve jobs with an application called streambox on an ipad, we can do a live shot just with this one device here. just one small sample of how this man has changed the lives of so many people and the way we do business and with the way he has been innovative in terms of technology. kyra? >> as you can see how we do our jobs. jason carroll, thanks so much. let's head to london where atika shubert is standing by and, atika, what is the reaction from there? >> well, kyra, just like in all those other places around the world, we have all sorts of people coming here with flowers and with messages and putting
6:30 am
apples and there's an apple with a message, think different etched in there and then this message here. this is from for the crazy ones, the visionaries, the ones that changed the world. you'll always be an inspiration, love you, steve. that just goes to show the way steve jobs has touched people here. but perhaps the biggest thing that i've seen here is showing just how much he's entered the daily lives of people and how many people here today are actually using their iphones, their ipads, you name it to actually record this memorial here. and it just goes to show how ubiquitous apple products have become all across the world, kyra. >> ateek ika. the impact also reaches africa. how this internet cafe has made such a difference in nairobi. >> what is the impact of apple and steve jobs in africa? apple products like this ipad are very expensive on the
6:31 am
continent and most people can't afford it. but there is an impact because people have a both inspirational and aspirational connection with the product and steve jobs. you come to a place like this where people are using the internet to connect with people and friends. a lot of way s apple's innovatin try to intimidate apple and you rarely see how apple and steechb jobs impacted on the continent. you have to go outside. it's really here on the street where you can see the impact of apple products because it's not so much apple products themselves and steve jobs direct innovation, but it's a way the competitives have imitated and pushed the boundaries of smartphones. 3g networks across kenya and also a broadbouand access right off your phone and people found
6:32 am
a way to do business and connect with each other and drive markets and get information all off mobile internet access. that really is the legacy of apple and steve jobs in kenya. >> as you can see, apple became one of the world's most valuable companies under steve jobs. how will the company do without its visionary leader? we'll go to wall street for a reaction. also coming up, in just about ten minutes, you'll hear steve jobs in his own words. we're going to play his entire commencement speech to stanford grads in 2005. believe me, you'll want to hear every word.
6:33 am
robert wagner for reverse mortgage woman: when we were kids, our parents spent every day making sure we had the best in life. shouldn't we make sure they have the best too? hi, i'm katie wagner. for years you've seen my father on tv talking to senior homeowners about how to enjoy life again with a reverse mortgage, but did you know that most seniors who get a reverse mortgage depend on their children to help them make the decision? that's why katie and i want to tell you that if your parents are over 62 and own a home, a reverse mortgage could be a wonderful solution for you and for your family. imagine how much easier things could be with no monthly mortgage payment and extra money for medical expenses, traveling, gifts for the family... anything really. so, call now and let us send you a free dvd about reverse mortgages. watch it with your parents... or with your kids... and find out how a reverse mortgage can help your whole family enjoy life to the fullest. we're urban financial group.
6:34 am
we're there when you need us.
6:35 am
alison kosik at new york stock exchange following the reaction on wall street to the death of steve jobs. alison? >> this is, kyra, the first chance that wall street is reacting to steve jobs' passing and apple shares are down only a
6:36 am
fraction. even though jobs was clearly the genius behind apple's success, not a huge surprise that the stock is really holding steady today because for the most part, this was expected. apple told its employees steve jobs told his employees seven years ago that he had cancer. the company has been very transparent about his illness in recent years and it prepared the investment community for this day. that this day would come. now, jobs had said that he would only step down if absolutely necessary. we saw that happen two months ago when he gave his resignation, so, the fact is, kyra, that investors had already priced in the idea of an apple without jobs. kyra? >> we can't emphasize enough his influence on apple. the stock price sky rocketed when he came back to apple. >> you said it. you know, it's incredible. you're right, steve jobs was apple. he rolled out the ipod, itunes, the iphone, the ipad. you know, he made computers cool. he was known for his aggressive
6:37 am
leadership style, as well. you know, some people found it abrasive, but wall street loved it. look how much they loved it. the stock, look how it performed under jobs from 1997 to this year, up more than 6,000% and even briefly topped exxon this year to become the world's most valuable company and now jobs leaves behind one of the richest and most iconic companies in the world. kyra? >> alison, thanks. next, steve jobs like you never heard him. we're playing the commencement speech that he gave to stanford students back in 2005, a rare personal look at a very private man. we're back in three minutes.
6:38 am
6:39 am
♪ a refrigerator has never been hacked. an online virus has never attacked a corkboard. ♪ give your customers the added feeling of security a printed statement or receipt provides... ...with mail. it's good for your business. ♪ and even better for your customers. ♪
6:40 am
for safe and secure ways to stay connected, visit usps.com/mail i want you to listen now to the speech that steve jobs gave stanford students in 2005 just a couple years after his cancer diagnoseinosis. it's steve jobs like you've never heard him and you're actually going to hear what drove this edison of our time. we're going to play it in its
6:41 am
entirety because it's so inspiri inspiring. >> thank you. i'm honored to be with you today for the commencement of one of the finest universities in the world. truth be told, i never graduated from college. and this is the closest i've ever gotten to a college graduation. today i want to tell you three stories from my life. that's it. no big deal. just three stories. the first story is about connecting the dots. i dropped out of reed college after the first six months but then stayed around as a drop-in for another 18 months or so before i really quit. so, why did i drop out? it started before i was born. my biological mother was a
6:42 am
young, unwed graduate student and she decided to put me up for adoption. she felt very strongly that i should be adopted by college graduates so everything was all set for me to be adopted at birth by a lawyer and his wife. except that when i popped out they decided at the last minute that they really wanted a girl. my parents, who were on a waiting list got a call in the middle of the night asking, we've got an unexpected baby boy, do you want him? they said, of course. my biological mother found out later that my mother had never graduated from college and that my father had never graduated from high school. she refused to sign the final adoption papers. she only relented a few months late when my parents promised i would go to college. this was the start in my life. and 17 years later, i did go to college.
6:43 am
but i naively chose a college that was almost as expensive as stanford and all of my working class parents' savings were being spent on my college tuition. after six months, i couldn't see the value in it. i had no idea what i wanted to do with my life and no idea how college was going to help me figure it out. and here i was spending all the money my parents had saved their entire life. so, i decided to drop out and trust that it would all work out okay. it was pretty scary at the time, but looking back, it was one of the best decisions i ever made. the minute i dropped out, i could stop taking the required classes that didn't interest me and begin dropping in on the ones that looked far more interesting. it wasn't all romantic. i didn't have a dorm room, so i slept on the floor in friends' rooms. i returned coke boughtles for the 5 cent deposits to buy food with and i would walk the seven
6:44 am
miles across town every sunday night to get one good meal a week at the temple. i loved it. and much of what i stumbled into by following my curiosity and intuition turned out to be priceless later on. let me give you one example. reed college at that time offered perhaps the best calligraphy instruction in the country. throughout the campus, every poster, every label on every drawer was beautifully hand calligraphed. because i had dropped out and didn't have to take the normal classes, i decided to take a calligraphy class to decide how to do this. i learned about type faces, about varying the amount of space between different letter combinations, about what makes great typography great. it was beautiful, historical, artistically subtle in a way that science can't capture. and i found it fascinating. none of this had even a hope of any practical application in my life.
6:45 am
but ten years later when we were designing the first macintosh computer, it all came back to me. and we dezsigned it all into th mac. the first computer with beautiful typography. if i never dropped in that single course in college, the mac would not have fonts and it's likely no personal computer would have them. if i had never dropped out, i would have never dropped in on that calligraphy class and personal computers might not have the wonderful typography that they do. of course, it was impossible to connect the dots looking forward when i was in college, but it was very, very clear looking backwards ten years later. again, you can't connect the dots looking forward. you can only connect them looking backwards. so, you have to trust that the dots will somehow connect in
6:46 am
your future. you have to trust in something, your gut, destiny, karma, whatever because believing that the dots will connect down the road will give you the confidence to follow your heart, even when it leads you off the well-worn path and that will make all the difference. my second story is about love and loss. i was lucky. i found what i loved to do early in life. woz and i started apple in my parents' garage when i was 20. we worked hard and in ten years grown from two of us in a garage with a $2 billion company with over 4,000 employees. we just released our greatest macintosh two years earlier and then i got fired. how can you get fired from a company you started? well, as apple grew, we hired someone who i thought was very
6:47 am
talented to run the company with me. and for the first year or so things went well but then our visions of the future began to diverge and we had a falling out. when we did, our board of directors sided with him. so at 30, i was out and very publicly out. what had been the focus of my entire adult life was gone and it was devastating. i really didn't know what to do for a few months. i felt that i had let the previous generation of entrepreneurs down. that i had dropped the baton as it was being passed to me. i met with david packard and bob nois and tried to apologize for screwing up so badly. i was a public failure and even thought about running away from the valley. something slowly began to dawn on me. i still loved what i did. the turn of events at apple had not changed that one bit. i had been rejected, but i was still in love. so, i decided to start over. i didn't see it then, but it turned out that getting fired
6:48 am
from apple was the best thing that could have ever happened to me. the heaviness of being successful was replaced by the lightness of being a beginner, again. less sure about everything. freed me to enter one of the most creative periods of my life. during the next five years i started a company named next and started a company pixar and met the amazing woman who became my wife. pixar is now the most successful animation studio in the world. in a remarkable turn of events, apple bought next and i returned to apple and the technology we developed at next is at the heart of apple's current renaissance and lorene and i have a wonderful family together. i'm pretty sure none of this would have happened if i hadn't been fired from apple. awful tasting medicine, but i guess the patient needed it. sometimes life's going to hit you in the head with a brick, don't lose faith.
6:49 am
i'm convinced that the only thing that kept me going was that i love what i did. you've got to find what you love and that is as true for work as it is for your lovers. your work is going to fill a large part of your life and the only way to be truly satisfied is to do what you believe is great work. and the only way to do great work is to love what you do. if you haven't found it yet, keep looking. and don't settle. as with all matters of the heart, you'll know when you find it. and like any great relationship, it just dwets bgets better and as the years roll on. keep looking. don't settle. my third story is about death. when i was 17, i read a quote that went something like, if you live each day as if it was your last, some day you'll most
6:50 am
certainly be right. it made an impression on me and since then, for the past 33 years, i have looked in the mirror every morning and asked would i want to do what i am about to do today? and whenever the answer has been no for too many days in a row, i know i need to change something. remembering that i'll be dead soon is the most important tool i've ever encountered is the most important thing i've encountered to help me make the important choices in life. all fear of embarrassment or failure, these things fall away in the face of death, leaving only what is truly important. remembering that you are going to die is the best way i know to avoid the trap of thinking you have something to lose. you are already naked. there is no reason not to follow your heart.
6:51 am
about a year ago, i was diagnosed with cancer. i have a scan at 7:30 in the morning and it cleared showed a tumor on my pan korea kaace. i didn't even know what a pan koreaace was. the doctors told me this is almost certainly a type of cancer that is incurable and i should expect to live no longer than three to six months. my doctor advised me to go home and get my affairs in order, which is doctor's code for prepare to die. it means to try and tell your kids everything you thought you'd have the next ten years to tell them in just a few months. it means to make sure that everything is buttoned up so it will be as easy as possible for your family. it means to say your good-bye. i live with that diagnosis all day. later that evening, i had a biopsy where they stuck an end scope down my throat, through my stomach and put a needle into my
6:52 am
pan koreaace. i was sedated, but my wife who was there tell me when they viewed the cells under a microscope, the doctor started crying. it turned out to be a curable form of pancreatic cancer that was curable with surgery. i had the surgery, and thankfully i am fine now. this was the closest i've been to facing death and i hope it's the closest i get for a few more decades. having lived through it, i can say this to you with more certainty than when death was a purely intellectual concept. no one wants to die. even people who want to go to heaven don't want to die to get there. and yes, death is the destination we all share. no one has ever escaped it. and that is as it should be because death is very likely the single best invention of life.
6:53 am
it's life's change agent. it clears out the way to make way for the new. right now, the new is you. but some day not too long from now, you will gradually become the old and be cleared away. sorry to be so dramatic, but it's quite true. your time is limited, so don't waste it living someone else's life. don't be trapped by dog ma, which is living with the results of other people's thinking. don't let the noise of other's opinions drown out your own inner voice. and most important, have the courage to follow your heart and intuition. they somehow already know what you truly want to become. everything else is secondary. when i was young, there was an amazing publication called the
6:54 am
whole earth catalog, which was one of the bibles of my generation. it was created by a fellow named stewart brand not far from here and he brought it to life with his poetic touch. this was in the late '60s, before personal computers and desktop publishing. so it was all made with type writers, scissors and polaroid cameras. it was idealistic, overflowing with neat tools and great notions. stewart and his team put out several issues of the whole earth catalog. then, when it had run its course, they put out a final issue. it was the mid 1970s and i was your age. on the back cover of their final issue was a photograph of an early morning country road, the kind you might find yourself hitch hiking on if you were so adventurous. beneath it were the words stay hungry, stay foolish.
6:55 am
it was their farewell message as they signed off, stay hungry, stay foolish. and i have always wished that for myself. and now, as you graduate to begin anew, i wish that for you. stay hungry, stay foolish. thank you all very much. our 4 new rich & hearty soups really have people talking...
6:56 am
6:57 am
[ guy ] ring, ring. hold on a sec... progresso... i love your new loaded potato with bacon. that's what we like to hear. where was i? oh right... our rich & hearty soups.. people love the thick cut carrots... we do too! where was i? progresso. right, our new rich & heart soups... [ ring, ring ] progresso... switch our phone service? [ ring, ring ] [ ring, ring ] ...no, i think we're pretty happy with our phones. [ male announcer ] progresso. you gotta taste this soup. i know what works differently than many other allergy medications. omnaris. omnaris, to the nose. did you know nasal symptoms like congestion can be caused by allergic inflammation? omnaris relieves your symptoms by fighting inflammation. side effects may include headache, nose bleed, and sore throat. got allergy symptoms out of my way. now life's a picnic. [ man ] omnaris. ask your doctor. battling nasal allergy symptoms? omnaris combats the cause. get omnaris for only $11 at omnaris.com.
6:58 am
the world needs more energy. where's it going to come from? ♪ that's why right here, in australia, chevron is building one of the biggest natural gas projects in the world. enough power for a city the size of singapore for 50 years. what's it going to do to the planet? natural gas is the cleanest conventional fuel there is. we've got to be smart about this. it's a smart way to go. ♪
6:59 am
and at the top of the hour, welcome back, everyone. his innovations changed the way we live, work, play and communicate. steve jobs died too soon. let's face it, life in 1976 when he co-founded apple in his garage is a far cry from life in 2011. and today, the world grievous, pays tribute and gives thanks for this edison of our time. our team coverage continues. dr. sanjay gupta is now in new york and zain verjee is life in london. dan, i'll start with you.
7:00 am
7:00 a.m. it is there now so the day is just getting started. and people are already reacting to the news. >> well, you know, i was standing in this exact place two days ago on tuesday for the unveiling of the new iphone, the iphone 4s. there's a lot of anticipation and excitement ahead of that launch. and it's just so remarkable to see the difference of what things are like here today. it's very somber. there's a makeshift memorial that's beginning to grow here in front of the headquarters. i should tell you that for that event, there was an empty chair in the room there at the front that the senior executives left empty for steve jobs. i can only imagine how difficult it must have been for them that day to give that presentation probably knowing that the end was near for steve jobs. here in silicone valley, i think there was a basic acknowledgement that this val y valley, that this area would be so much different, you know, without apple and without steve
7:01 am
jobs. and i think going forward now, i think there's a sense that the next couple of years, things are going to look, you know, pretty good for apple. they have so much money on hand and products in the pipeline. but what are things going to look like now in, say, the next five or ten years? i don't think anybody can really answer that question. >> the apple 4 unveiling event that you just mentioned, was anything ever said about his condition? because we all had been skd asking that questions for months when we had not heard anything. >> well, despite his very public persona, he was a very private person. and it's believed that only his inner circle really knew the details of his health. we knew that he had been struggling with pancreatic cancer for some time. but over the last six months or so, he wasn't seen on campus all that much. we certainly knew that he was, you know, weak and thin because
7:02 am
you saw the progression over the last few years that things were not looking good. but in terms of when this would ultimately happen, it was really a mystery and, of course, we all got the news yesterday. >> dan, thanks. dr. sanjay gupta is joining us now. sanjay, i'm curious. when you are treating somebody this high profile and you know what the situation is, is there more pressure, added pressure on you as a doctor? >> i think sometimes there is. i think all hospitals, all doctors, any health care professional would like to say we treat all patients the same. i think for the most part, we do. but i think what is counter intuitive, perhaps, here is that people thinking about someone like steve jobs or another high profile person is that sometimes being high profile could be a detriment. you think sometimes it would be an advantage. but sometimes it's a detriment because sometimes doctors may use more kid gloves, be less
7:03 am
likely to make the important decisions that need to be made. so think of reagan, for example, when he went to the hospital after being shot, how long it took for doctors to figure out the extent of his injuries because they were treating him with such deference. same thing with kennedy when he was shot. steve jobs, he spent about a year after he was found to have the tumor and pan koreaace traveling around the world, getting herbal medications, trying to treat this in nontraditional ways. who is to say what difference that made. but i think sometimes it could work to a person's disadvantage to be high profile. >> you know, something else we were talking about this morning, even in our home last night, there was one of the richest men in the world. he had all the money you could ever ask for and it couldn't save his life. >> yeah, you know, and it's tough and it's a bit of an area of controversy, even within medicine a little bit with regard to steve jobs. you might remember back in 2009, for example, he had a liver
7:04 am
transplant. he had a liver transplant literally by cover of night. reporters, most people didn't know about the liver transplant until two months after the fact. the reason it was controversial or raised eyebrows is because there's a process by which one gets a liver transplant. there's a waiting list, it's based on how sick you are, the severity, how likely you have to benefit from the transplant. some say -- and we don't know for sure, but some say he basically got a liver transplant very quickly, he traveled to tennessee and got that and it was that money that made that happen. he traveled to switzerland to try, again, some nontraditional therapies that aren't available to many people in the united states. had those things worked, we would be having a different discussion and it would be great that he would still be alive. but in this case, at least, money, lots of it did not change his outcome. you know, with this particular type of tumor, about 50% of people live five years. he beat those odds, but it was
7:05 am
eight years after he was diagnosed that this cancer finally caused his death. >> sanjay, thanks for your time today. >> thank you. steve jobs founded apple in 1976 in a silicone valley garage along with his high school buddy, steve wozniak. earlier on cnn this morning, he talked about those early days. >> he was knowledgeable about technology, and believed that that was the thing he was meant to do. he was always trying to think ahead of somebody else and look at the newest little building part and what could you make with those? and thinking in terms of how they affect society. a great, great, great visionary and leader, and it was hard to recognize when he's young. like a lot of young people. and a lot of them are great visionaries and really don't really go that far. but companies have ways of hiring that they wouldn't even hire somebody without a college degree in a lot of cases. and here was steve jobs without a college degree.
7:06 am
and look what he accomplished. >> so how is apple doing today? >> apple shares are only down slightly. they're coming back now, in fact, almost into the green. it didn't come as a huge surprise for wall street. the investment community, i'm talking about, had a long time to prepare for this. jobs told his employees in 2004 that he had cancer. and you saw a bit of a stock reaction then, but only a little bit. over the long-term, look how apple has performed. apple's ability to make you want something you didn't even know you wanted in the first place, look at apple. it's the smartphonemaker. that's what investors are going to continue to focus on even though steve jobs is no longer around to provide the inspiration. kyra. >> what do you think, then, how concerned is wall street about the company going forward? >> you know what, today's lack
7:07 am
of reaction is really an indication of confidence in apple. remember this, jobs made the company and investors aware of his health problems and handed over the reigns to tim cook in an orderly fashion. tim became ceo in august, but he's been on the bench for more than a decade now. he knows the steve jobs way. look at what kind of financial shape apple is in, how much cash the company has on hand. it has almost $80 billion. apple is known for not paying out dividends. it hangs on to its cash. apple could even have some wiggle room maybe to make mistakes and move forward very successfully. >> allison, thanks. steve jobs was an iconic figure around the world, africa, russia. zain verjee, we're hearing from people all over the globe. >> yes, absolutely. let's go straight to "the guardian." the headlines, how steve jobs put the seduction into
7:08 am
technology. indispensable in the way a wristwatch, handbag or wallet are to so very many millions of people. jobs knew how to make it shine, into our offices, into our homes, into our private lives. it says, good-bye mr. jobs. steve jobs was insanely great, no question. apple might be a different place without him, but there is still a lot of brilliant stuff for apple to make and do. we can keep the faith. and then the united arab emirates has "the national." its headlines, is there life after steve jobs for apple? the big question is where does the company go from here? apple must do everything it can to keep its lead ahead of the pack. kyra, i was looking at the "new york times" today and they push it really well saying apple does have a tough balancing act to do going forward, in the sense of keeping the lessons that steve jobs taught them, keeping the legacy, but also being able to
7:09 am
adapt in the future. kyra. >> zain verjee out of london, thanks. the white house just announced that president obama will hold a news conference this morning. it's scheduled to start in just about 50 minutes. brianna keilar is live from the white house. what are you hearing about the president's agenda today? >> kyra, it's going to be all about jobs, the jobs plan. the president has been pushing now for weeks and he will, again, be urging congress to pass his plan in its entirety. he'll be commending the senate for taking action. last night, senate democrats filed their jobs bill, which looks very much like the president's, but it changes how it would be paid for, which was really one of the controversial parts of this. and it will remain controversial because of the way the senate democrats have proposed to pay for that and that is the so-called millionaire's surtax. this is something that president obama could very likely endorse today during his news conference. what is this? this is something that according to democratic sources on the hill would raise enough money,
7:10 am
more than $450 billion, to pay for the president's jobs plan. it would take effect not immediately, but in january of 2013 and it would be a 5.6% additional tax on income or earnings over $1 million. of course, this is what would pay for the jobs bill. now, what we do know, and sort of the strategy behind what's bog on here, we know from the president's top advisers that the president and senate democrats are hoping to put forward this united democratic front when it comes to jobs and this opens the door for them to do this, kyra, to kind of slam republicans as protecting millionaires if they do not vote for this bill. and we expect opposition. republicans for their part, senate minority leader mitch mcconnell saying on the senate floor a short time ago that this is entirely political. >> brianna keilar from the white house, we will, once again, take that speech live as soon as it happens in about 48 minutes.
7:11 am
speaking of the presidency, it looks like we won't be seeing president palin or president christie anytime soon. mark preston has all the no news. hey, mark. >> good morning, kyra. now it looks like the presidential field is set for the republican field. last night, sarah palin said she decide not to run for president. they did it on fox news where she is a paid contributor. she told not only of events, but greta last night on fox that she thought she would be more effective helping others get elected to office. in fact, let's hear what she had to say on fox. >> i concluded that i believe i can be an effective voice in a real decisive role in helping get true public servants elected to office. you don't need a title to make a difference in this country. i think that i am proof of that. >> and there you have sarah
7:12 am
palin. she also talked about how she would not run as a third party candidate and she would back the eventual third party nominee. her goal is knocking obama out of office in 2012. where does the field stand for the republican presidential nomination? right now, mitt romney is on top, closely followed by herman cain and rick perry. right now, still lots of turns and twist that could happen before voters in iowa weigh in on the nomination. >> we expect nothing less than all those twists and turns. that keeps it exciting, mark. >> no doubt about it. makes it colorful. bank of america's new debit fees is really ticking people off. the president of bank of america is not helping. did he actually say people have to understand that they have to make a profit? >> he says his customers and his shareholders understand that they have the right to make a profit.
7:13 am
in fact, in a capitalist society where you have shareholders who own a company, it is the responsibility of a ceo to return a profit for shareholders. and so far this year, bank of america is in a little bit of trouble on that front. in fact, it's losing money. quite frankly, its stock has been cut in half. this ceo, brian moynihan, is under intense pressure to turn his company around. the fact that turning things around cost you, $5, for using your bank card, he says, i have an inherent duty as a ceo of a publicly owned company to get a return for my shareholders. he says that he is being transparent, that the company is giving their customers vnsed warning as they're required to by law, giving them at least 30 days to know about this new fee
7:14 am
and to modify their behavior to try to avoid this fee. don't forget, a lot of people are pointing out, as well, that bank of america is a publicly traded company. credit unions are not. 76% of credit unions will not have fees for checking and do not have fees for atms and debit cards if you use the network of the credit unions. so you do have a choice. you have your choice with your behavior and that's a key point here. but you're right, the response from many people, populist backlash about this fee. they're like, wait, he's suspending the fact that he's charging people to use their own money. hmmm. >> christine romans, thanks. the occupied wall street protest are growing. we're going to tell you who else is joining in, next. and some nba players are not hanging around for the lockout to end. tony parker is heading to trans. that story in less than a minute.
7:15 am
when an investment lacks discipline, it's never this obvious. introducing investment discipline etfs from russell. visit russelletfs.com r a prospectus, containing the investment objectives, risks, charges, expenses and other information. read and consider it carefully before investing.
7:16 am
7:17 am
checking stories across country now, in new york, officers were seen swinging batons that occupy wall street protesters. there were over two dozen arrests in manhattan. at least one protester is accused of assaulting an officer. and the wall street protests are spreading across the country, although it was a far more subdued crowd in seattle. police there did arrest protesters who refused to remove their tents from the city park. college students walked out of class to join the protests. rising costs and student loan costs are their biggest concern. another demonstration is set for raleigh sunday afternoon. lawmakers are trying to
7:18 am
capitalize with energy and anger on this movement. but for democrats like congress, like charlie rangel, not a lot of love for the masses. congressman rangel is joining me from capitol hill this morning. sir, you got booed there. how are you convincing protesters that your efforts are genuine? >> i feel for those people that were there, it was the heckler that was being booed. they welcomed me and even if it was being me that booed, having said that, i think they have a lot of reason to boo everybody. there's a lot of anger out there in the community and the government should be prepared to
7:19 am
accept that. i think government should not take away their hope for the future. i only wish other people, our spiritual leaders, our civic leaders could join and give some assistance in the terms of where we could be going. >> here is my question. you spoke on the house floor yesterday, saying that the protesters were, quote, mad as hell. and we saw protesters were tweeting you saying, help us out, congressman. however, you also voted in favor of the wall street bailout. it sounds like double talk. where exactly do you stand? >> listen, we're not talking about bailout. we're talking about saving the country. i think the president did the best he could. it's not a vote that we look back on and say we shouldn't have taken it.
7:20 am
and instead of them being indifferent and enjoying the most profits ever that a more handful of people have, they should be more interested in trying to help us. one of the biggest things that we have down here is the insane idea that the richest of the rich do not pay their fair share of taxes. and so i don't want to get involved in those votes. what we have to do now is get america back to work. and we have to make certain that the congress becomes functional. so if they boo me and boo the speaker and boo republicans and democrats, good for them. i just wish other people would join in to say that we're mad as hell and we're not taking it any more. >> well, speaking of joining in, you have presidential candidate herman cain not sympathizing with the protesters. he told "the wall street journal," and i'm quoting here, if you don't have a job and you're not rich, blame yourself. do you agree?
7:21 am
>> well, let me tell you, this is not something that one politician -- this is america's dream. nobody in this country just dreamed about getting rich. they just wanted to make certain that the possibility and the hope was there. with more and more people being lost from the middle class, which is the heart of our country, with the poverty world exploding with kids and adults, we have to do something. it's not that this is the answer, the protesting. it's just that congress is locked in concrete for political reasons and that the republicans just want to get rid of obama even if it means losing the integrity of this great nation and these kids are out there. they're confused as to what they want to do. but they know that we're not getting a fair shake in america. >> these are also kids that many of them out of work and just want jobs. >> well, i think you're right. i mean, a part of the american
7:22 am
dream is working, self-esteem, being able to have health care and being able to have a job. what's wrong with that? there are a time of people that don't have the wherewithal to get down there and know it's not just them. there are millions of people without work. in the minority community, it's even worse. this is an economic -- maybe an inconvenience for the bankers, but it's a nightmare for people that have worked hard and find themselves hopeless and jobless. >> and they're looking to people like you to try and make a difference. charlie rangel, thank you for your time this morning. we're going to tell you about a change in the doping ban. sports is next. [ beep ] [ mom ] scooter?
7:23 am
the progresso chicken noodle you made is so good. it's got tender white meat chicken. the way i always made it for you. one more thing.... those pj's you like, i bought you five new pairs. love you. did you see the hockey game last night? [ male announcer ] progresso. you gotta taste this soup. and all we need to do is change the way we're thinking about them. a couple decades ago, we didn't even realize just how much natural gas was trapped in rocks thousands of feet below us. technology has made it possible to safely unlock this cleanly burning natural gas. this deposits can provide us with fuel for a hundred years, providing energy security and economic growth all across this country. it just takes somebody having the idea, and that's where the discovery comes from. i know what works differently than many other allergy medications. omnaris. omnaris, to the nose! did you know nasal symptoms like congestion can be caused by allergic inflammation? omnaris relieves your symptoms by fighting inflammation.
7:24 am
side effects may include headache, nosebleed, and sore throat. i tossed t allergy symptoms out of my party. [ man ] omnaris. ask your doctor. battling nasal allergy symptoms? omnaris combats the cause. get omnaris for only $11 at omnaris.com. battling nasal allergy symptoms? omnaris combats the cause. woman: saving for our child's college fund was getting man: yes it was. so to save some money, we taught our 5 year old how to dunk. woman: scholarship! woman: honey go get him. anncr: there's an easier way to save. get online. go to geico.com. get a quote. 15 minutes could save you 15% or more on car insurance. aspercreme breaks the grip, with maximum-strength medicine and no embarrassing odor. break the grip of pain with aspercreme.
7:25 am
a big name in the nba is not waiting for the lockout to end. tone know parker is heading overseas. >> that's right. tony parker has arrived in france today where he's going to play for a team that he coowns. it doesn't look at this point as though there's going to be much of an nba season. we understand that if an agreement between the league's owners and players isn't reached by monday, then we could lose a significant part of the season. if not all of it. and i'll tell you what i find curious about this story, kyra. it's being reported that parker is going to play for less than $2,000 a month.
7:26 am
if all the players agree to pay for that kind of salary, then we would have an nba season. >> wow. another decision came down today and that was about the olympics doping ban. tell us about that. >> yeah. this is a great story. it's not a good story for clean athletes who think that former cheats should pay hely for their crimes. le shawn meritus, he has just served a 21-month ban for steroid use. but under a bylaw, he wouldn't have been allowed to compete at the next london olympics. the ioc really wants to punish former cheats a bit more heavily than the world anti-doping agency. but today, the court of arbitration for sport has said that that ruling is unsustainable. so great news for la shawn meritus and maybe others can compete in london, as well. >> don, good to see you.
7:27 am
thanks for weighing in. if you don't have a job or if you're poor, herman cain says it's your own fault. [ female announcer ] once you taste new fiber one 80 calories... ...with its sweet honey taste, 40% daily value of fiber... ...and 80 calories per serving... ...you may want to tell a few friends.
7:28 am
♪ or all of them. ♪ i'll go get my bowl. [ female announcer ] new fiber one 80 calories. yes, you can actually love breakfast. ♪ but they also go beyond banking. we installed a ge fleet monitoring system. it tracks every vehicle in their fleet. it cuts fuel use. koch: it enhances customer service. it's pretty amazing when people who loan you money also show you how to save it.
7:29 am
not just money, knowledge. it's so much information, it's like i'm right there in every van in the entire fleet. good day overall. yeah, i'm good. come on in. let's go. wow, this is fantastic. ge capital. they're not just bankers. we're builders. they helped build our business. well, political buds, your rapid fire look at the best political topics of the day. playing today, democratic national committee member robert zimmerman, patricia murphy and will cain.
7:30 am
sarah palin toyed with the idea of a presidential run for months, but now she's officially out. what do you think? who needs her endorsement the most, robert? >> well, now actually sarah palin actually becomes relevant politically. in 2010, we saw how critical her endorsements were in many key republican races around the country. without question, mitt romney needs her support the most. i wonder what she'll ask for in return. >> will? >> robert is exactly wrong, kyra. herman cain needs sarah palin's support the most. tea party spoeft is floating on indecision, attached itself to michele bachmann, attached itself to rick perry. now it's floating over to herman cain. they know they don't want to patch themselves to mitt romney.
7:31 am
whoever can be the alternative to mitt romney will be that tea party support. if herman cain gets her endorsement, he can be the option to romney. >> i very much agree with robert on this. this republican race is shaping up to be mitt romney and anybody but mitt romney. sarah palin, if she can throw her support behind mitt romney, he needs to brain this group together. we saw in the 2010 election, sarah palin not popular across the board, but incredibly popular even still with republican voters. if mitt romney can get that support behind him, she could be a bill help. herman cain doesn't sympathize with the unoccupied protesters the.
7:32 am
listen to what he told t"the wal street journal". >> don't blame wall street, don't blame the banks. if you don't have a job and you're not rich, blame yourself. how will this play with the 14 million unemployed americans, will? >> i have to say one thing about why patricia and robert are wrong in the last answer, it's bought mitt romney can win without sarah palin's endorsement. on this -- >> will, shake on you. >> 14 million americans don't want to hear they're responsible for their own station in life. they won't like it. but do you want to know why herman cain is rising in the polls? because he talked about responsibility and you are responsible for your place in life. >> robert. >> in answering this question, i can point out why patricia was right in the first question and why will has been wrong in both questions. the reason will is wrong is if herman cain is not a great candidate for president or for public office. oftentimes in the media we
7:33 am
mistake political buzz with political relevance. we mistake quotability with credibility. i think in this case herman cain's comments demonstrate why he's not credible. these wall street protesters are not unique to our history. one last thought? >> go ahead. >> no. >> okay. very simply, if those of us who are doing well don't create opportunities to move people below us up, then we'll all be dragged down. >> patricia. >> robert does not get my time. i'm starting fresh. and i want to tell will, he is half right on this. this is a message, as strange as it is for most people to hear, this is a message that it's your fault if you're unemployed, that does resinate with republicans who very much believe in individual responsibility. if you carry that to the logical extreme, it's your fault if you're unemployed. the problem with republicans in general is they are starting to
7:34 am
take the compassionate out of compassionate conservative, which was a huge message that helped george bush win in 2000. if they are starting to see a as the party that doesn't care about people, you won't get votes in the general election. >> 20 seconds on each. as we know, patricia, the guys will probably take another 5 to 10 seconds. >> we all know that. >> as we know, steve jobs changed the world. what lessons can politicians learn from here, robert? >> steve jobs is so inexpiring to me because he was fearless and unlike today's culture where everything is focus grouped and tested, he went with his convictions and acted out of a sheer passion for his work. i think we could all learn a great lesson from that today. we are so many people around the country engaging this way. farmers in agricultural take chances every year. i think that's the message to me. >> will. >> steve jobs is a testimony to
7:35 am
the innovative facets of the market. look what we can do as a free economy when we have no shackles. i say look at steve jobs as a beacon of what's possible. >> patricia. >> i would say steve jobs, the lesson we can take from steve jobs is that you can't so he would solve old problems with old ideas. anything you hear around washington these days is an idea on the republican and democratic side that have been rattling around this town for 10, 20, 30, sometimes 40 years. steve jobs identified problems and totally innovated his way to the solution. washington needs to come up with new ideas. >> if you haven't watched that commencement speech he gave to a stanford grad, check it out on youtube. president obama is getting ready to speak at the white house. we'll bring that to you live at the top of the hour. ya' know those jeans look nice. they do? yup.
7:36 am
so you were checking me out? yup. [ male announcer ] progresso. 40 soups 100 calories or less. it's pro-cool technology releases armies of snowmen masseuse who cuddle up with your soreness and give out polar bear hugs. technology. [ male announcer ] new bengay cold therapy. the same technology used by physical therapists. go to bengay.com for a $3 coupon. and what it doesn't cover can cost you some money. that's why you should consider an aarp... medicare supplement insurance plan... insured by unitedhealthcare insurance company. all medicare supplement insurance plans can help pay... some of what medicare doesn't, so you could save... thousands of dollars in out-of-pocket expenses. call now for this free information kit and medicare guide. if you're turning 65 or you're already on medicare... you should know about this card -- it's the only one of its kind endorsed by aarp; see if it's right for you. all medicare supplement plans let you keep your own doctor, or hospital that accepts medicare. there are no networks and no referrals needed.
7:37 am
help protect yourself from some of what medicare doesn't pay... and save up to thousands of dollars in potential... out-of-pocket expenses with an aarp... medicare supplement insurance plan... insured by unitedhealthcare insurance company. call this toll-free number on your screen now... for this free information kit, including this... medicare guide and customized rate quote.
7:38 am
i want to take you back to monday and that controversial moment when hank williams jr. appeared on fox and friends. remember this? >> come on, come on. that would be like hitler playing golf with netanyahu,
7:39 am
okay? >> as you can imagine, those statements comparing obama to hitler created quite a controversy. now we're getting word from espn, officially coming out this with this statement regarding hank williams jr. here is what it says. we have decided to part ways with hank williams jr. we appreciate his contributions over the past years. the success of monday night football has always been about the game and that will continue. espn and hank williams jr. officially parting ways. we'll be back in just a moment. help prevent cavities, and kill bad breath germs for a whole mouth clean. whooo... [ male announcer ] listerine® total care. the most complete mouthwash. should we order panda blossom, panda moon... how about chinese at home with wanchai ferry? you can make it in just 14 minutes. mmmh, orange chicken. great. i didn't feel like going out anyway. [ male announcer ] wanchai ferry. restaurant quality chinese in your grocer's freezer.
7:40 am
7:41 am
i tell you what i can spend. i do my best to make it work. i'm back on the road safely. and i saved you money on brakes. that's personal pricing. how do those that cover the world of business view steve jobs and his legacy?
7:42 am
well, we asked them. >> he is one of the most creative, tenacious, focused singular human beings that i've ever met. >> incredibly charismatic builder products that people fooeld feel like they just have to have. and who does this better than anybody else? in our lifetime. >> steve jobs is silicone valley's greatest rock star. that's it. >> i don't think that what he has done will ever be repeated in our lifetime in many ways. innovative, extremely intelligent is obviously and understatement and willing to take risks. i think a lot of companies try to do similar things that apple did and failed and i don't think that ever deterred him. >> it's hard to know what the
7:43 am
legacy of something like a michael dell will be. it's hard to know a little bit of what the legacy of mark zuckerberg will be. but there's no question that we know what steve jobs' legacy will be. he's one of the greats. he's up there with henry ford and a handful of other iconic ceos in business. >> thank you. >> and coming up, the white house called a last-minute news conference. president obama speaking at the top of the hour. here is what he had to say about new taxes right here on "cnn headline news." [ female announcer ] today, your busy schedule
7:44 am
demands doing more in less time. which is why we've developed innovative learning tools like our mobile application and phoenixconnect, a worldwide academic social network. it's part of our commitment to you and why last year we invested over 1 billion dollars in our students to help them successfully balance work, life and education. ♪ discover all that sets us apart at phoenix.edu.
7:45 am
7:46 am
stories making news later today, testimony resuming in the conregard murray trial at 11:45 p.m. eastern time. and at 1:00 p.m., astronaut mark kelly formally retires and has an event at the whouts. at 3:00, the u.s. world's soccer team hosts a move it campaign officially starting with michelle obama. wolf blitzer is here from washington, d.c. going to be talking about new taxes, wolf? >> talking about jobs, jobs, jobs, not steve jobs, although i suspect he may say something. we're not talking about steve jobs, although he may make reference to him in his opening statement. we're talking about jobs, the unemployment numbers for september, as you know, come out tomorrow morning. lty of people are bracing for
7:47 am
more bad news. we'll see how those numbers are at 8:30 a.m. eastern tomorrow morning. but right now, the president has his jobs proposal. that doesn't seem to be going anywhere. sort of delayed in the senate, delayed in the house of representatives. house republican leader eric cantor says he doesn't want to bring it up for a vote. the question is, is there some middle ground? is the president going to come out at this news conference at the top of the hour swinging as he did in texas the other day or is he going to be more statesman like and try to work with republicans and see if there's a compromise in the works? a lot is at stake. as you know, kyra, we'll be covering it live. >> we're on stand by with you. just a couple minutes away. that does it for us. we will take that live news conference as soon as the president steps up to the mike and now we'll go to live coverage with susan malveaux and wolf blitzer after a quick break. u can beat any advertised price on tires?
7:48 am
correct. anywhere? yes. like this price? yes. riously? yes what about this one? i'll beat it. this one? s we will. right, i only have one more question for you...this one? (laughing) yeah. get $100 rebate when you buy four tires. 100 bucks! only at your ford dealer. 3 million tires. 11 major brands, fiona's kind-of-nice. i don't know why you're not here. [ male announcer ] that makes a chocolate aso smooth and creamy,l you don't just taste it, you feel it.
7:49 am
♪ do you believe in magic? ♪ ♪ it's magic ♪ [ male announcer ] it's a comfort that comes from the only caramel worthy of being wrapped in gold. ♪ do you believe in magic? [ male announcer ] werther's original caramel chocolate. what comfort tastes like.
7:50 am
live in studio 7 i'm susanna malveaux. president obama is holding a news conference that will start at 11:00 a.m. eastern. my colleague wolf bliter is with us from washington. hey, wolf. >> hey, good morning, suzanne. we're only nine minutes away from the president's news conference. the focus will be on economy and jobs. we're going to get special
7:51 am
insight from our correspondents and we have a lot to digest, a lot at stake for the president right now. >> let's get started first with our white house koesht, brianna keilar in the east room right now. brianna, tell us what is the main thing we expect to hear from the president at the start of the news conference. >> he'll be talking about jobs, suzanne. he'll urge congress to pass its jobs bill in its entirety and he'll be commending the senate on taking action. last night, senate democrats introduced a bill that is very similar to what the president proposed in substance with the change on how the president's jobs plan is paid for. it includes what's called a millionaire's surtax. that's what it's being called by democrats. and it's something that would tax the earnings over $1 million of americans obviously earning quite a bit of money at a rate of 5.6% more than is already
7:52 am
taxed. so it's very likely that president obama is going to issue a full throated endorsement of that. this paves the way, suzanne. we know the president's advisers said they wanted to create a unified front when it comes to jobs and this paves the way for them to do that, to have congressional democrats in the white house stand united and skewer republicans if they oppose this bill as supporting or protecting millionaires and that's something that we will expect to hear in the coming days. for their part, republicans saying this is entirely politics. that's something senate minority leader mitch mcconnell said on the house floor not too long ago. >> brianna, thank you. i want to bring in ali velshi to talk about this idea of a millionaire's surtax. we understand that the senate majority leader harry reid says this is going to pay for the president's $447 billion jobs plan over the course of ten years. first of all, do we think that
7:53 am
it's going to work, that that statement is actually true? and how would it do that? >> well, it's a little shifting of math. as you know, there was some discussion of increasing taxes on individuals who earned more than $200,000 or families who earned more than $250,000. but there's been a lot of pushback from senators and congressmen from places like california, new york, new jersey where they're saying the cost of living in these places is so high that that doesn't constitute being a wealthy family. they are nor interested in taxing people on every dollar they make above $1 million and our own cnn polling indicates a great deal of support for that across the country. basically, it would be a 5 of 6% tax on the first dollar you make above $1 million and the math indicates that it would cover the cost of the president's job bills. you know very well, suzanne, how these things are done. they put out a propositival, it gets scored and estimated as to whether it will work. there's a general feeling that
7:54 am
the average merps, middle class americans bear too much of a tax burden and higher income americans don't. so it's some way of getting traction back into this jobs bill, which as you know and which brianna said at this point doesn't show any signs of life of passing the way it exists. >> let's see if that's going to work and get things moving in washington. i want to throw it back to wolf. hey, wolf. >> all right, suzanne. thanks very much. certainly the republicans are watching all of this very, very closely. the republican leadership in the house and the senate. but especially the republican presidential candidates, gloria borsher is here to assess what's going on. they say what the president is doing simply class warfare at its worse, going after the jobs creators, making it goss going after for in effect to reduce the creation of jobs. >> it's predictable, predictable on both sides. i think what you see is a hardening of both sides' political divisions as you head into the campaign. the democrats believe they're on
7:55 am
the side of the american public. polls show that 75% of the public supports raising taxes on millionaires. so like the so-called buffett rooul, the millionaire surtax. it's an argument they clearly want to have. however, wolf, it's not going to lead to a resolution of how you come up with a deal in the super committee, how you fund the government and reduce the deficit. this is just more of the same. in the end, i think it could honestly back fire against both parties here. >> which president obama do you think will show up to this news conference this morning, will it be the feisty, fiery president obama we've seen over the past few weeks we've seen on the campaign trail or the more statesman higher road, presidential advocate of a compromise with the republicans? >> i'll probably try to do a
7:56 am
combo platter here, but i honestly believe that the senate democrats have said to the president, you've got to fight, you have to be with us. they didn't like his jobs bill because they didn't like the way he paid for certain things in it. they said this is our -- this is going to be our marker. so what you're seeing now is people laying down their markers. you heard the spooem speaker of the house john boehner recently say no new taxes when he was talking about the super committee. you've heard the president say you've got to spread the pain here a little bit. you've got to make the wealthy pay their share. so i think he's going to say, i want to get to a deal, but you have to understand this is where i'm coming from. >> even while the president tries to get his jobs bill through the senate and the house, and it's unlikely the way it is right now he's going to be able to do that. the house doesn't even want to bring it up for a vote for the
7:57 am
senate. you have this super committee that's meeting behind closed doors? maybe that will change in the coming weeks. they're supposed to come up with a $1.2 trillion cut over the next ten years to try to deal with these budget deficits. >> and they may be able to eek out a trillion dollars or so. but the big question is, are they going to pull the trigger and say, tax reform? we need to come up with a plan to reform the tax code. because if you do reform the tax code, you can get rid of those deductions for wealthier individuals and lower their top rates and perhaps make a lot of people happy and believe that it's fair. but the question is, a, will they propose it? b, could that possibly, possibly get through the congress so close to an election? the problem we have is that an election is fast approaching. and you're going to see the leadership in congress kind of pass the baton to the republican
7:58 am
presidential candidate and the republican presidential candidates are going to take a much more hard line position on lots of things than some leaders in the congress will on the republican side because they're running to beat barack obama. so it's a very difficult situation right now in terms of getting anything done. >> gloria, stand by. we're going to watch and assess what the president of the united states says. you're looking at live pictures of the east room. ewe january, you kn suzanne, you know what those reporters are going through right now. they're all waiting for the president's opening statement. then the president has a list of reporters he's going to call on and they're trying to frame their question in the most precise way. they have a question and usually a follow-up question. i don't know how you feel, but you probably would have liked to have been in one of those front rows right now getting ready for a question to the president. >> it's nothing like that moment when you're standing in the east room and looking at all of your colleagues watching you go live
7:59 am
and you're all crammed in that space there so you have to talk over the person right next to me. but i know brianna keilar is sitting down in that room because we have the two-minute warning. within two minutes, the president will come before the microphone there. we're being told it's about 30 seconds away. he's going to sign on too this millionaire tax. when is that going to take effect? i understand the negotiations behind the scenes is 2013 as opposed to 2012. very important when it comes to the timing of all this. how is he going to be able to sell his plan? we know he's going to try to paint the republicans as the ones defending the rich and the millionaires. let's see how he makes his case. good morning, everybody. i will take your questions in a second, but first i just want to say a few words about the economy. next week, the senate will vote on the american jobs act.

147 Views

info Stream Only

Uploaded by TV Archive on